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[Music] what's up guys in this video we're going to talk about how blackstone makes more with less right and what i mean by that is um how they make more money with less aum under management okay you've heard of the companies both blackstone and blackrock right very common names and high finance if you mix them up it's a cardinal sin and high finance so don't do it you should definitely know who they are we're gonna give a quick overview with them and then just kind of talk about their you know business strategies right um and uh how they make money all right so let's just jump into it okay so blackstone steve schwartzman blackrock larry fink ceo right different funny story actually larry fink used to work for steve schwartzman and then they kind of had a disagreement and they left and started two of the largest asset managers ever but that's the thing so they're both asset managers right in terms of aum in terms of assets under management let's just talk about some of the similaritie...